Gully Township, Minnesota Income

The inflation-adjusted median household income in Gully township was $77,015, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$77,015
Median household income
0.4025
Gini coefficient
45 to 64 years ($120,702)
Highest median income age group
$NA
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

Age of householder

Per the latest American Community Survey by the Census Bureau, Gully township sees its highest median household income among householders in the age group of 45 to 64 years old, at $120,702. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, Gully township only reports a median household income of $120,702 among householders in the 45 to 64 years age group.
  • Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $37,889(45.75%), escalating from a median of $82,813 in 2011 to $120,702 in 2021.
  • 0 households where the householder is under 25 years old.
  • 5(9.43%) households with a householder aged between 25 and 44 years.
  • 28(52.83%) households with a householder aged between 45 and 64 years.
  • 20(37.74%) households where the householder is over 65 years old.
The bar chart shows Gully Township, Minnesota median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Gully Township, Minnesota median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Gully township, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Gully Township, Minnesota median household income by age ➔

Gender

In Gully township, the population consists of 83 males (43.68%) and 107 females (56.32%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Gully township, the median income for all workers aged 15 years and older, regardless of work hours, was $31,076 for males and $13,897 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $68,294 for females, while data for males was unavailable due to an insufficient number of sample observations.
  • In Gully township, the median income for all workers aged 15 years and older, regardless of work hours, was $31,076 for males and $13,897 for females.
  • In Gully township, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $68,294 for females, while data for males was unavailable due to an insufficient number of sample observations.
Line chart showing the annual median income trends in Gully Township, Minnesota for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Gully Township, Minnesota gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Gully Township, Minnesota income by gender ➔

Race

In Gully township, the population is predominantly White, constituting 78.42% of the total residents. Here are the key highlights from the analysis of income distribution by race:

  • The median household income for White households is $77,015.
  • In Gully township, White is both the largest group and the one with the highest median household income, which stands at $77,015.
  • In Gully township, the median household income for the households where the householder is White decreased by $7,432(8.80%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,447 in 2011 and $77,015 in 2021.
  • Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
The bar chart shows Gully Township, Minnesota median household income across all racial categories identified by the U.S. Census Bureau.
Gully Township, Minnesota median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Gully Township, Minnesota median household income by race ➔

Year by year

Gully Township, Minnesota median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Gully township increased by $13,406 (21.08%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
  • The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 29,345 (from $55,199 to $84,544). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 30,242 (from $84,447 to $54,205).
  • It then further increased to $189,897 for 4-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.4025, it is evident that income distribution in Gully Township, Minnesota exihibits characterstics of moderate inequality .
  • NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $173,115.
The line chart shows Gully Township, Minnesota median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Gully Township, Minnesota median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Gully Township, Minnesota median household income ➔

References

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Median household income of places that contain Gully township (in 2022 dollars)

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